Brief: Orascom Development H1 Adj. EBITDA At CHF 27.2 Mln

Orascom Development Holding AG

19/08/2020 06:08

Aug 19 (Reuters) - ORASCOM DEVELOPMENT HOLDING AG  ODHN.S :
    * ORASCOM DEVELOPMENT HOLDING AG: REPORTS 1H 2020 RESULTS
WITH CHF
164.1 MILLION OF REVENUES AND ADJUSTED. EBITDA OF CHF 27.2
MILLION.
    * H1 EBITDA 27.2 MILLION CHF
    * H1 NET LOSS -19.2 MILLION CHF VERSUS -1.5 MILLION CHF LOSS
YEAR
AGO
    * TOTAL REVENUES REACHED CHF 164.1 MILLION IN 1H 2020.
    * ADJUSTED. EBITDA REACHED CHF 27.2 MILLION IN 1H 2020, WITH
A
16.0% MARGIN.
    * NET LOSS OF CHF 19.2 MILLION IN 1H 2020 (1H 2019: CHF 1.5
MILLION)
    * ODH ACCELERATED CONSTRUCTION PACE ACROSS ALL DESTINATIONS,
EXPECTING TO BOOST REAL ESTATE REVENUES DURING SECOND HALF OF
2020.
    * GROUP STILL STANDS WITH ITS EARLIER POSITION AND ABSTAINS
FROM
PROVIDING FULL-YEAR GUIDANCE ON ITS 2020 RESULTS.

Source text for Eikon:  ID:nEQ7DZ0S3a 
Further company coverage:  ODHN.S 

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